ISM Manufacturing unexpectedly drops in October

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Zhanna Hapanovich

October U.S. ISM Manufacturing PMI: 48.7 vs. 49.5 consensus and 49.1 prior, according to data released by the Institute for Supply Management on Monday.

A reading of under 50 indicates economic contraction in the manufacturing sector.

New orders index: 49.4 vs. 48.9 in September.

Manufacturing employment: 46.0 in October vs. 45.3 prior.

Manufacturing prices: 58.0 vs. 62.4 consensus and 61.9 in September.

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